5 Frequent Tax Errors Made by Millennials

An nameless reader writes: “Millennials, who vary in age from early twenties to mid-thirties at the moment, are in a life part of ongoing change and evolution — from college students to graduates to independents to spouses. Navigating the in-betweens of those many main milestones isn’t any cakewalk. Along with the usual monetary commitments that accompany such main milestones, millennials should stay conscious of how their ever-shifting circumstances affect their tax obligation. Listed below are 5 frequent tax errors made by millennials to be careful for” by Stefanie O’Connell:

  1. Submitting as a dependent while you’re unbiased
  2. Skipping out on medical health insurance
  3. Forgetting to deduct scholar mortgage curiosity
  4. Miscalculating deductions for the price of relocating
  5. Withholding an excessive amount of for taxes

(gobankingrates.com)

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